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My uncle recommended $NIO to me🤮 Since then, I no longer listen to any tips or recommendations when it comes to shares. And if I do, I prefer to do my research first.
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@Alumdria Sorry, but you could have made a lot of money with Nio too. Why are you blaming your uncle if you don't get the horsepower on the road?
With Nio, there were several 100% chances plus the opportunity of the century in 2020.
What was wrong with the tip?
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@7Trader I'm not blaming him, I'm blaming myself for not informing him. I simply bought NIO at an all-time high of 40$ and made an 80% loss when I sold. And it may be that you could take profits, but you almost have to be day trading to do that. And that's not for me. I also take a critical view of Chinese equities because of the government.
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@Alumdria Well, that's the misconception with tips. Buy & hold also requires money management to avoid losing all profits again
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